If fraudulent rent information is provided for Rent Advantage and its services, the following actions may occur:
- Verification Process: Borrowell reserves the right to use reasonable efforts to verify the accuracy of your lease details and rent payments. These efforts may include asking for a copy of your signed lease agreement and landlord contact information, to verify the rent payments you have made and the lease details you have provided to us.
- Termination of Service: If it is determined that false information has been provided, Borrowell may terminate your service. Upon termination of our rent reporting service(s), no refund will be provided.
- Reporting Fraud: Any suspicions of fraud will be reported to credit bureaus, which may result in Rent Advantage information being purged from your credit report. This means that any positive reporting associated with your rent payments could be removed.
These measures are in place to maintain the integrity of the Rent Advantage and its services, and to ensure that only legitimate rental information is reported.
You can view the Rent Advantage Terms & Conditions in full here.